Wells Fargo lowered the firm’s price target on Marsh McLennan (MMC) to $226 from $229 and keeps an Equal Weight rating on the shares. The firm notes shares traded roughly flat post earnings. While organic beat overall, consulting organic slowed and the company highlighted some cautiousness on the state of the economy. Full year organic guide was maintained, but this could still imply a second half of the year slowdown, Wells adds.
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